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The gold nanorods market size is forecast to increase by USD 218.1 million, at a CAGR of 9.3% between 2023 and 2028. The market is experiencing significant growth due to the rising demand from the medical industry for cancer treatment applications. Gold nanorods' unique properties, such as their ability to absorb and scatter light in the near-infrared region, make them an ideal choice for photothermal therapy, a promising cancer treatment modality. Furthermore, the trend towards targeted drug delivery is also driving market growth as they can be functionalized with various biomolecules to selectively target cancer cells. However, fluctuations in gold prices pose a challenge to market growth, as gold is a precious metal and price volatility can impact the cost-effectiveness. Despite this challenge, the market is expected to continue growing due to the increasing demand for effective cancer treatments and the potential to deliver targeted, non-invasive therapies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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